Education Loan Fund Boosts Quality Education in Kwara State
In Abuja news, the Managing Director of the Nigeria Education Loan Fund (NELFUND), Akintunde Sanya, announced the disbursement of N900 million to public institutions in Kwara State, benefiting thousands. During an event in Ilorin, he shared that about 70% of the 400,000 applications nationwide were approved under this federal initiative. The programme, aimed at empowering students through financial inclusion and entrepreneurship, was conducted in partnership with the Governor’s office.
Empowerment and Opportunities for Students
Governor Abdulrahman AbdulRazaq commended the student loan scheme for aiding children from low-income families in accessing higher education. He emphasized the need for skill development and employable graduates, aligning efforts with NELFUND to maximise benefits. Leaders from various universities echoed similar sentiments, urging students to seize the opportunities that these loans provide.
Key Takeaways:
- Federal Support: Kwara state students received N900 million in student loans, aiding access to higher education.
- High Approval Rates: 70% of nationwide applications have been accepted, reflecting a major uptake by students.
- Broader Benefits: Calls were made to include private institutions, expanding the reach of this educational support.
This initiative exemplifies how targeted financial strategies can enhance educational access. How could similar programs be implemented in Lagos news to maximise outreach? Share your thoughts on this impactful development in Nigeria.
[Source Credit: Original Source]
